Metro Vancouver calls for changes to tax regimeMetro Vancouver calls for changes to tax regime<div class="ExternalClass9ACA53FFC52C46D292AE25C6458B5616"><p>Metro Vancouver has called on the candidates in the B.C. provincial election to pledge substantial changes to the B.C. Home Owner Grant, Property Transfer Tax and School Property tax to make them fairer and more equitable to residents and businesses across the region.</p><p>The recommendation followed a Metro Vancouver-commissioned independent analysis, <em>“Provincial Property-Based Taxes in the Metro Vancouver Neglected District,”</em> by Cascadia Partners, which found regional homeowners pay a disproportionate share of property taxes – compared with the rest of B.C. – because of an antiquated property tax system that pegs taxes to property assessments.</p><p>Higher property assessments throughout Metro Vancouver are not reflective of the homeowners’ ability to pay, and property taxes do not rise or fall in direct correlation to assessed value. Instead, rates vary each year depending on growth of average assessed value within property classes.</p><p>Metro Vancouver residents pay three times as much School Property Tax per household than the rest of B.C., while Property Transfer Tax growth in Metro Vancouver has outpaced the rest of the province by 85 per cent since 2011. At the same time, a meteoric rise in house prices means fewer homeowners are eligible for the Home Owners’ grant.</p><p>Read more at <a href="http://www.localgovernmentmatters.com/" target="_blank">http://www.localgovernmentmatters.com</a> </p></div>http://heimat-deutschland.info/metroupdate/PublishingImages/issue31-propertytax.jpg2017-04-27T07:00:00ZGP0|#ad5ec508-afdc-4c33-bc6a-878b23de7ea8;L0|#0ad5ec508-afdc-4c33-bc6a-878b23de7ea8|Issue 31;GTSet|#d14ffe11-45dc-48fb-8684-ff109cf15a74<div class="ExternalClassDEB64C197ACB487D8C260D2B0F14702B"><p>​Metro Vancouver has called on the candidates in the B.C. provincial election to pledge substantial changes to the B.C. Home Owner Grant, Property Transfer Tax and School Property tax to make them fairer and more equitable to residents and businesses across the region.</p></div>0

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